The global UV curable resins & formulated products market is expected to grow from USD 4.6 billion in 2021 to USD 7.3 billion by 2026, at a CAGR of 9.7% during the forecast period. Government initiatives emphasizing on adoption of clean fuel and growth in number natural and fuel cell electric vehicles are expected to drive the market.
The presence of VOCs in a coating’s formulation or during application and the drying processes is undesirable because of hazardous air pollutants (HAP) and negative effects on workers. VOCs are usually formaldehyde and organic solvents. In recent years, coating formulators and manufacturers have been seeking environmentally friendly green coating alternatives that have similar or better performance than the conventional solvent-borne systems because of government regulations and public environmental awareness and concerns. UV curable resins have many advantages, such as little-to-no VOC, low odor, non-toxicity, non-skin irritation, and safer production.
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Browse 282 market data Tables and 40 Figures spread through 217 Pages and in-depth TOC on "UV Curable Resins and Formulated Products Market by Composition (Oligomers, Monomers, Photoinitiators, Additives), Chemistry (Non-acrylated Oligoamines, Acrylate Oligomers), Application, Technology, and Region - Global Forecast to 2026"
Waterborne UV curable coatings have been developed recently to reduce the use of VOC and reactive diluents. Water is used as a diluent or dispersing medium in these coatings as it can decrease air pollution and the risk of fire as well as improve occupational health and safety. It is easier to control the viscosity of water-based formulation and convenient to apply and clean. For the waterborne UV curable system, viscosity can be managed by controlling the concentration and molecular weight of oligomers. Waterborne UV curable coatings permit excellent gloss and viscosity control, and therefore, can be applied easily with minimal or no process issues VOCs/HAPs.
The major advantage offered by waterborne UV curable coatings is that the end user/applicator has a larger time window to work within the application process. Another added benefit of these coatings over traditional solvent coatings is drying time. When combined with heat and good air movement, waterborne UV coatings dry quickly. Once the water is removed from the coating, which usually takes four to seven minutes, depending on the coating and drying equipment, the coating can be cured with UV light. Once cured, the parts can be stacked, sanded, or handled without blocking, thus increasing production in a smaller footprint. Cleanup is easily possible by flushing the coating with water. A secondary rinse can be undertaken if any stubborn and dried deposits of materials remain.
UV resins are the key to innovation in coatings, which have influenced the major trends in the coatings industry. The coating industry is largely influenced by stringent regulations set by authorities, including the European Union (EU), for reducing the VOC content of UV curable resins. Consequently, the demand has shifted from solvent-borne UV to environmentally friendly products, such as waterborne UV and 100% solids UV.
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UV curable resins are materials that are cured and polymerized in a short time by the energy radiated from UV irradiation devices, for instance, UV lamps. They are especially used as industrial materials for adhesives, printing inks, and coatings. One of the major advantages of UV curable resins is that they are solvent-free and, therefore, non-polluting. The UV curable resins and formulated products market is also driven by the improvements in formulations, manufacturing technologies, and application equipment. Diluting monomers are added to achieve the right properties (viscosity and rheology) and allow easy application of the formulations. The need for environment-friendly and healthier systems, necessitated by new stringent government regulations; need to reduce system costs; and the rising need for improved performance, durability, and ease of use are the key factors contributing to the growth of the waterborne UV curable resins market.
APAC is the largest UV curable resins and formulated products market in terms of both value and volume. The UV curable resins and formulated products market in APAC is segmented into China, Japan, South Korea, India, Vietnam, Malaysia, and Rest of APAC. It is one of the world’s fastest-growing markets for UV curable resins and formulated products. The market is projected to register a high CAGR in the next five years. The region offers significant commercial opportunities for the growth of the UV curable resins and formulated products market.
Due to COVID-19, UV curable resins and formulated products producers and numerous companies have halted their production sites across various countries that has led to reduced demand for UV curable resins and formulated products, which affected the demand in APAC countries. The recovery in the end-use industries with restoration in the supply chain would drive the titanium demand during the forecast period.
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UV curable resins are the one's resins that contain much less dangerous emissions, rapid cure (excessive productivity), much less electricity consumption, much less system space, low temperature treatment, and waste reduction.
UV curable resins do now no longer include any natural solvents that damage the environment.
These resins consist of monomers, oligomers, co-initiators, photo-polymerization, and diverse components which include antioxidants, stabilizers, pigments, and plasticizers.
UV curable resins are utilized in a huge variety of packages with inside the ink and coating and adhesive industries.
UV curable resins are the maximum desired alternative for packages with rapid-curing and rapid-drying requirements.
Low price systems related to the production of UV curing resins alongside technological improvement have helped pressure boom of the market for UV curable resins and formulated products.
UV curable resins used mainly in the production of coating, links and adhesives etc, whose end-user are the graphic arts, industrial coatings, electronics and other industry.The UV curable resins industry concentration is not high; there are many manufacturers in the world, and they are mainly distributed in North America, EU, Asia Pacific and China.
UV curable resins industry has long history.All manufacturers in the world are committed to the improvement of product.
In recent years, North America and EU markets are shrinking but China market is expanding.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/33556/global-uv-curable-resins-2019-2024-236 According to this study, over the next five years the UV Curable Resins market will register a 2.6% CAGR in terms of revenue, the global market size will reach US$ 2970 million by 2024, from US$ 2610 million in 2019.
In particular, this report presents the global market share (sales and revenue) of key companies in UV Curable Resins business, shared in Chapter 3.This report presents a comprehensive overview, market shares, and growth opportunities of UV Curable Resins market by product type, application, key manufacturers and key regions and countries.
This study considers the UV Curable Resins value and volume generated from the sales of the following segments:UV Curable Resins Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
AmericasUnited StatesCanadaMexicoBrazilAPACChinaJapanKoreaSoutheast AsiaIndiaAustraliaEuropeGermanyFranceUKItalyRussiaSpainMiddle East & AfricaEgyptSouth AfricaIsraelTurkeyGCC Countries VIEW the Complete Report @ https://www.24chemicalresearch.com/reports/33556/global-uv-curable-resins-2019-2024-236UV Curable Resins report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
